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The Mercan / RA Group announced that it plans to open a new hotel in Matosinhos, in the Porto district, with 108 apartments in the summer of 2021, representing an investment of 20 million euros.
“The work of the new Four Points by Sheraton Matosinhos began last October, with the symbolic laying of the first stone by the mayor of Matosinhos, Luísa Salgueiro, and it is being executed at a good pace,” said the Lusa source news agency. of the Mercan group. , highlighting that the unit will allow the creation of “55 direct jobs”, with the completion of the work scheduled for “Summer 2021”.
The new Four Points by Sheraton Matosinhos, which is being built in Rua Sousa Aroso 188, a two-minute walk from Matosinhos beach and a 10-minute drive from the city of Porto and Francisco Sá Carneiro airport, will make available 108 T0 and T1 apartments, restaurant, terrace, gym and parking, all distributed over an area of 7,265 meters.
The Mercan Group, based in Canada and with more than 30 years of experience in the areas of investment consulting, education and immigration, assumes that it chose Portugal for the development of its activities in Europe due to the “security, stability and hospitality that offers, as well as development opportunities in the field of urban rehabilitation ”, reads a statement sent to the media today, in which it is stated that Portugal is the third safest country in the world, according to the classification Global Peace.
“The bet in Portugal, and in the north of the territory in this particular case, derives from the relatively low exposure that the country and the region have in the North American and Asian markets, more taking into account the conditions and the framework of excellence that they give it a high potential for profitability, highlighted by the senior executives of the Mercan Group. Portugal and Porto are now seen as strong bets in terms of investment recommendation from Asia and the US.”Adds the same press release.
Mercan is present in Portugal (there is a Four Points by Sheraton Sesimbra), Canada, China, India, United Arab Emirates, United States of America (USA) and Vietnam, and the group invests in real estate investment operations in the areas of tourism and tourism. Health & Wellness.
The Mercan Group projects for Portugal, developed in association with the RAG (Arrojada de Reference Group), count on the performance of a “team of excellent professionals”, and involve, in addition to this investment in Matosinhos, other hotel investments in Porto, in Vila Nova de Gaia, Amarante and Évora, comprising units from 3 to 5 stars.
